Popular cryptocurrency ATM operator Bitcoin of America has added meme cryptocurrency Shiba Inu (SHIB) to its list of available cryptocurrencies
Bitcoin Of America Adds SHIB To Its List
According to a Monday press release, popular cryptocurrency ATM operator Bitcoin of America has added meme cryptocurrency Shiba Inu (SHIB) to its list of available cryptocurrencies.
The kiosks allow you to buy and sell Bitcoin as well as a variety of altcoins, including Dogecoin.
A random Shiba Inu Community member recently claimed that he went to his nearby BTM to confirm the rumors and discovered that they were true. Shiba Inu token support has been added to Bitcoin of America. He also shared his live recorded video with the community as proof.
Bitcoin of America enabled support for Dogecoin, the world’s largest meme cryptocurrency, last month, causing the price of the joke coin to skyrocket.
Despite the recent addition, Shiba Inu is still down 3% in the last 24 hours as of press time. The Dogecoin competitor has not risen in value as a result of the news. The SHIB token is currently trading at $0.00002587 on the Binance exchange, down 70.01 percent from its all-time high.
ATMs for cryptocurrency are similar to traditional teller machines. They typically charge fees in the double digits, which are significantly higher than those charged by popular cryptocurrency exchanges.
Bitcoin of America debuted its universal kiosk a year ago, which combines the features of a crypto ATM and a traditional ATM. Customers can buy cryptocurrency right after dispensing cash with their debit card at universal kiosks.
According to Coin ATM Radar data, Bitcoin of America operates 1,841 ATMs across the United States. After receiving FinCEN approval, it maintains a federal registration as a money services business.
The addition of Shiba Inu is expected to significantly increase the meme coin’s adoption. The token was also added to AMC’s list of supported cryptocurrencies last month.
After becoming the best performer in 2021 and turning some early adopters into multi-millionaires, the cryptocurrency has struggled to gain traction in 2022.
